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Lots of countries, lots of businesses are plunging money into China.General Motors has this factory in Shanghai. The Park Hyatt is building this project in Beijing. It’s a process repeated thousands of times. And of course, China is also busy selling things overseas. So where does all this lead? Well, China has now built up foreign reserves of one trillion dollars. That’s a thousand billion, most of it in US currency, where even a small policy shift could throw global finance into chaos.

Now China’s sizzling economy is growing at its fastest rate in a decade. This year 5 million young people will graduate from the country’s universities, with the potential to boost China’s economy still further. But the government estimates that I million of them won’t find jobs because the education system isn’t supplying the need of an economy still based on manufacturing. Our Beijing correspondent Lindsey Hilsum went along to a graduate job fair.